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Britain’s future outside EU is rosy

LONDON / Bloomberg Two of the leading U.K. government ministers campaigning for an exit from the European Union played up the prospects for Britain if it votes to leave the bloc, rejecting warnings from Prime Minister David Cameron and Chancellor of the Exchequer George Osborne. “Britain is a great country, the people here are inventive, innovative, and they will find ...

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PM says supporters of exit are ‘extremely vague’

London / Bloomberg Those in favour of the U.K. leaving the European Union are “extremely vague” when asked to set out a vision of life outside the bloc, Prime Minister David Cameron has said. Writing in the Sunday Telegraph, Cameron challenged supporters of an EU exit to set out what the U.K.’s trading relationship would look like after a possible ...

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Macron defends French labour law

PARIS / Bloomberg French Economy Minister Emmanuel Macron defended the government’s plans to overhaul the nation’s labour law, rebuffing a revolt from within the ruling Socialist Party by suggesting opponents are resisting all change in the face of an unemployment crisis. “The plan for France cannot be to change nothing,” Macron said in an interview published Sunday in le Journal ...

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Irish PM Kenny pleads for time

Bloomberg Ireland’s Prime Minister Enda Kenny pleaded for time and space to examine options to create a stable government, as the nation’s two biggest parties opened the door for an unprecedented grand coalition. Kenny’s Fine Gael secured 25 percent in Friday’s election, according to a poll for broadcaster RTE. Traditional rival Fianna Fail secured 21 percent. Under Ireland’s electoral system, ...

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UK tax revenue increases since reform on house levied

Bloomberg The U.K. Treasury has netted 15 percent more tax on home purchases worth more than 1 million pounds ($1.4 million) since reforming the levy on property transactions, analysis by the tax authorities showed. Chancellor of the Exchequer George Osborne introduced the change in December 2014 and since then more than 780,000 homebuyers saved about 657 million pounds on so-called ...

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Frankfurt seeks to shed bland image to win over FinTech whizzkids

Frankfurt / AFP As Germany’s banking capital, Frankfurt has long established itself as one of Europe’s leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial start-ups known as FinTechs which want to revolutionise the way the world of money does business. FinTechs ...

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Cartier Awards churns out women leaders

ALKESH SHARMA / Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These morale-boosting findings were put on table by the Abu Dhabi-based ...

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Meet to address needs of region’s theme parks

DUBAI / Emirates Business The Dubai Entertainment Amusement and Leisure (DEAL) Show 2016, together with Blooloop, the attraction industry’s leading website and event organiser, is set to launch a new conference for the themeparks and amusement industry in the UAE. This ‘DEAL Live’ conference will be held on April 18 at the Dubai World Trade Centre. Blooloop conferences bring together ...

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2.15mn passengers at Abu Dhabi airport in January

Abu Dhabi / Emirates Business After a record-breaking 2015, Abu Dhabi Airports has reported a 14.1% increase in passenger traffic at Abu Dhabi International Airport (AUH) for January 2016 compared to the same period last year. A total of 2,154,241 people travelled through AUH last month, surpassing the previous January 2015 figure of 1,887,631. “The remarkable growth of Abu Dhabi ...

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Steady passenger traffic growth at Al Bateen Airport

Abu Dhabi / EMIRATES BUSINESS Al Bateen Executive Airport, the only exclusive business aviation airport in the Middle East and North Africa (MENA) region, has announced 9% year-on-year growth in passenger traffic figures in 2015, surpassing its previous performance in 2014. Arriving passenger traffic stayed above 7,600 passengers in each of the final four months of 2015, with November clocking ...

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